A&O develops derivatives platform Margin Xchange

April 24, 2018 Allen & Overy (A&O) has created a new online platform in response to impending derivatives regulations.

The platform for banks, law firms, and hedge funds is called Margin Xchange, and was developed by the magic circle firm along with online platform SmartDX and derivatives data repository IHS Markit.

The platform, launching in autumn, is meant to aid in meeting the derivatives contracts repapering task set forth by the recent initial margin regulations.

A&O derivatives partner Paul Cluley stated that though the platform will be available for any firm or client that wishes to use it, the firm did not set out to “provide the resource to do the negotiation,” but rather that they created the platform so that it would be “fit for purpose.”

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